Siemens: Brussels approves JV with GIG Solar
(CercleFinance.com) - On Monday the European Commission authorised the planned joint venture between the German industrial group Siemens with GIG Solar, a subsidiary of the Australian investment bank Macquarie.
The joint venture provides for the design, implementation and financing of energy services projects in the United States under the so-called "energy as a service" model.
According to Brussels, their investigation showed that the transaction does not raise competition concerns. The case was examined under a simplified clearance procedure.
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The joint venture provides for the design, implementation and financing of energy services projects in the United States under the so-called "energy as a service" model.
According to Brussels, their investigation showed that the transaction does not raise competition concerns. The case was examined under a simplified clearance procedure.
Copyright (c) 2020 CercleFinance.com. All rights reserved.